Fisher Asset Management LLC Decreases Stake in Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA)

Fisher Asset Management LLC lessened its stake in shares of Banco Bilbao Vizcaya Argentaria, S.A. (NYSE:BBVA) by 1.4% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 50,954,776 shares of the bank’s stock after selling 726,444 shares during the quarter. Fisher Asset Management LLC owned approximately 0.87% of Banco Bilbao Vizcaya Argentaria worth $552,350,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in BBVA. Russell Investments Group Ltd. boosted its position in Banco Bilbao Vizcaya Argentaria by 48.2% during the 1st quarter. Russell Investments Group Ltd. now owns 5,788 shares of the bank’s stock valued at $69,000 after buying an additional 1,882 shares during the period. Acadian Asset Management LLC purchased a new stake in shares of Banco Bilbao Vizcaya Argentaria during the first quarter worth about $464,000. Ascent Group LLC grew its stake in shares of Banco Bilbao Vizcaya Argentaria by 11.4% in the first quarter. Ascent Group LLC now owns 24,040 shares of the bank’s stock worth $285,000 after purchasing an additional 2,458 shares during the last quarter. Bayesian Capital Management LP purchased a new position in Banco Bilbao Vizcaya Argentaria during the 1st quarter valued at about $211,000. Finally, Dynasty Wealth Management LLC purchased a new position in Banco Bilbao Vizcaya Argentaria during the 1st quarter valued at about $829,000. Institutional investors own 2.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on BBVA shares. StockNews.com raised Banco Bilbao Vizcaya Argentaria from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Citigroup raised shares of Banco Bilbao Vizcaya Argentaria to a “strong-buy” rating in a research report on Friday, August 9th. Finally, Royal Bank of Canada upgraded shares of Banco Bilbao Vizcaya Argentaria to a “moderate buy” rating in a research report on Wednesday, July 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy”.

Banco Bilbao Vizcaya Argentaria Stock Down 1.5 %

NYSE BBVA opened at $9.54 on Monday. The firm has a market capitalization of $55.69 billion, a PE ratio of 5.48, a P/E/G ratio of 0.96 and a beta of 1.31. The stock’s 50 day moving average is $10.15 and its 200 day moving average is $10.29. Banco Bilbao Vizcaya Argentaria, S.A. has a twelve month low of $8.63 and a twelve month high of $12.20.

Banco Bilbao Vizcaya Argentaria Increases Dividend

The firm also recently announced a Semi-Annual dividend, which was paid on Friday, October 25th. Stockholders of record on Wednesday, October 9th were issued a dividend of $0.3244 per share. This represents a dividend yield of 5.6%. The ex-dividend date of this dividend was Wednesday, October 9th. This is a boost from Banco Bilbao Vizcaya Argentaria’s previous Semi-Annual dividend of $0.11. Banco Bilbao Vizcaya Argentaria’s payout ratio is 29.31%.

Banco Bilbao Vizcaya Argentaria Company Profile

Banco Bilbao Vizcaya Argentaria, SA provides retail banking, wholesale banking, and asset management services in the United States, Spain, Mexico, Turkey, South America, and internationally. The company offers savings account, demand deposits, and time deposits; and loan products, such as residential mortgages, other households, credit card loans, loans to enterprises and public sector, as well as consumer finance.